DATELINE: Across the U.S.A.
FLASH: Existing Home Sales
According to the National Association of Realtors (NAR), existing home sales in June rose by 3.6% to an annual rate of 4.89 million…the highest since last October. Lawrence Yun, NAR chief economist, said: “The increase in existing-home sales occurred in all major regions of the country.” Analysts say that this signals moderation in the housing slump.